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Iceland On A Budget: 5 Things You’re Forgetting To Save For

These days, everyone who’s anyone is visiting Iceland on a budget. Creating a budget and saving accordingly is crucial to enjoying your time in Iceland without breaking the bank. That being said, even the most well-planned budgets have the potential to be blown when visiting one of the most expensive countries on the planet. If you intend to visit Iceland on a budget, make sure to account for these unexpected costs in your savings plan.

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Iceland On A Budget: 5 Things You’re Forgetting To Save For

#1 Gas

Gas is expensive as all get out in Iceland but it is a necessary evil if you plan on renting a car and going on an epic road trip. When we mean expensive, we mean, double or triple the price you are used to paying, especially for Americans. Gas is running Americans around $5-$7 USD a gallon which is exorbitant. Iceland requires a ton of driving to get to all the epic sights and it generally costs around $70-$80 to fill up a vehicle that is very good on gas. Make sure to leave plenty of cushion in your budget for Icelandic gas because you are going to need it.

Iceland On A Budget: 5 Things You Forgot To Save For | Tips For Visiting Iceland On A Budget | Budget Travel To Iceland | Cheap Travel To Iceland | Iceland Travel Tips | Follow Me Away Travel Blog | Iceland Travel Tips

You may have a general idea that gas is going to cost a pretty penny, but Iceland is quite a large country and requires a ton of driving. You will drive more than you are anticipating. Driving requires gas which requires money. Save wisely, friends!

#2 Tolls

If you are heading to west Iceland, you are going to get hit with a $10 toll to go through an underwater tunnel [way more boring than it sounds]. If you plan to head back to Reykjavik, you are going to have to pay that $10 again. While this amount may seem insignificant now, you aren’t going to want to be surprised with tolls during your trip without setting aside appropriate funds. A $20 round-trip toll isn’t something you hear about in Iceland so make sure to save for this unexpected cost if you are planning to visit Iceland on a budget.

Iceland On A Budget: 5 Things You Forgot To Save For | Tips For Visiting Iceland On A Budget | Budget Travel To Iceland | Cheap Travel To Iceland | Iceland Travel Tips | Follow Me Away Travel Blog | Iceland Travel Tips

 

#3 Snacks

First off, don’t you dare go out to eat if you ever hope to visit Iceland on a budget. Going out to eat is an unnecessary expense but snacks are a different story. Your trip to Iceland will most likely include a ton of driving, so having food at your disposal is necessary. If you are in a pinch, pick up a snack such as a bag of chips or granola bar at a gas station. If you think ahead, go to an Icelandic grocery store and pick up nonperishable snacks in advance. Our favorites: popcorn, chips, Doritos, oranges, and apples.

#4 Parking

We always strive to visit Iceland on a budget and parking was a totally unexpected cost for us, especially since we were staying at a 5-star hotel in Reykjavik. Turns out, the Icelandic government doesn’t discriminate and guests staying [and parking] downtown all must pay for city parking. Parking in Zone 1 [on main streets] is the most expensive, but prices go down a bit if you park in other zones and on side streets. We parked in a Zone 2 and ended up paying around $15+ per day which was a cost we didn’t include in our Iceland budget.

Iceland On A Budget: 5 Things You Forgot To Save For | Tips For Visiting Iceland On A Budget | Budget Travel To Iceland | Cheap Travel To Iceland | Iceland Travel Tips | Follow Me Away Travel Blog | Iceland Travel Tips

#5 Using the restroom

Yep, you heard that right. At many places in Iceland, it costs money to use the bathroom. You are going to want to have some change on hand in case you come across a facility that charges you. Many locally owned gas stations will charge a couple hundred Kronor and while it is totally possible to run out without paying, it isn’t the best behavior for a guest visiting Iceland. You may also run into bathrooms that charge at heavily trafficked areas such as Gulfoss. Pro tip: when visiting Iceland on a budget, visit chain gas stations such as N1 or grocery stores such as Bonus for clean and free toilets.

READ NEXT: 7 Tips For Visiting Iceland On A Budget

What is your favorite pro-tip for visiting Iceland on a budget? Did you experience anything we mentioned during your trip? Let us know in the comments! 

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Iceland On A Budget: 5 Things You're Forgetting To Save For | Tips For Visiting Iceland On A Budget | Budget Travel To Iceland | Cheap Travel To Iceland | Iceland Travel Tips | Follow Me Away Travel Blog | Iceland Travel Tips

15 thoughts on “Iceland On A Budget: 5 Things You’re Forgetting To Save For

  1. Amy

    When I was putting together our budget for Iceland earlier this year, I accounted for gas and snacks (buying groceries etc) but none of the other things! Thanks for letting us know – will bookmark this for when I look at making definite plans to visit!

    1. Follow Me Away Post author

      Whatever you account for gas, account for more! It is pretty expensive, at least for Americans who are used to gallons 😉 Let us know if you ever want to chat about the trip! Excited for you 🙂

  2. Christine

    If you do need to eat out the cheapest menu options are usually Icelandic meat soup and mashed fish. If these dishes are on the menu they are usually pretty filling and you often get free refills with the soup.

  3. Jan

    For Europeans, the gas price is pretty much the same as in our countries. Also, Iceland is tiny; the distance between Rejkyavik and the northern town of Akureyri is about the same as New York to Washington DC.

    1. Follow Me Away Post author

      Hey Jan! Good point about the gas prices! Even though Iceland is technically way smaller than America, many people are fooled by the size of the country! A drive from Reykjavik and the town of Hofn is a good 6+ hours depending on weather and the capital to Vik is a little over 2. So while it isn’t 20 hours like in the United States, it could still be considered further than expected! 😉

  4. Wouter

    We went to Iceland last spring, it was really amazing! Thank so much for your work and info! It was my second time i have visited Iceland but after reading your inspiration and want to jump on the plane again.

  5. Amy

    Thank you for your tips we are planning our first trip and I had no idea what extra charges there would be! The gas doesn’t seem to much higher than we pay in Canada at a high point but the bathroom charge is very helpful information we have 4 children which means lots of bathroom breaks lol.

  6. Mary

    Great tips! We are heading to Iceland at the end of March for a week and are planning to rent a car for 3 days. Thanks for the info.

  7. Mark

    Everything seems to be based around driving. Crazy prices for fuel, parking and tolls. Food is easy enough- just bring in ton of tuna and canned food. Pay for the extra luggage for any of those types of goods 😃 Even the bathrooms?!?!? Iceland is on the radar but just need to figure out these types of tips.

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